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Well, i just read this US Government Considering Fraud Charges Against Binance (https://watcher.guru/news/us-government-considering-fraud-charges-against-binance) and the market has started to dump again after we saw the recovery last night.

It's strange the we get some bullish news and market pumps and on every bearish news, the dump is expected.

https://i.ibb.co/t8LLvHY/binance.png

It will be interesting to see the reply of CEO of Binance on this, and any positive statement will again pump the market.

The purpose to write all this is not to get influenced by these news, do not sell your coins in a panic and find such events to accumulate more bitcoin, bitcoin will recover faster than we can imagine.

Not sure myself if CZ is actually doing something shady with Binance, but isn't this pretty much 2023's version of the China ban — whereas the news sites make it seem like China is actually banning Bitcoin like every two week? Lol.

The news still seems to be unofficial, as both sides have not announced their involvement in it. Either the news could be false, or it could also be true.

 

So for the main time, let's focus on other things. The up and down price of Bitcoin is what actually makes it Bitcoin; we can't expect the price to remain stagnant at a certain point. This kind of drama and attack are just happening to slow down how fast the price of Bitcoin could have possibly moved and the level it could have achieved by now or before the end of the year, considering the halving event that is fast approaching.
 

Very interesting though to see the DOJ doesn't want to see a FTX similar events that will collapse the market again and there are murmurs that they will just fine Binance, or maybe settled it out of court.

And perhaps this is the reason why we might not see a comment from both parties. Anyways, let see how it goes. As the price might go below $29k again.

The problem with that its, every sibgle player on the market its always making some "shady" but not illegal things. For examples its clear some of them always have inside information, wich in part its prohibited and its illegal, but that its not how the worlds work.

Manipulation of market can be always put in the table by being a big player, but maybe you only make a promo or a business things, but you are so big in the market then your movement makes all the market tremble.

For example Elon musk being a single person its always pointed to do that by only twiting, and its true but at the same time he is only making busines or giving his point of view.

Its a very tricky situation. I dont know if i be clear in my explanation i hope so.

The movement from $28,000 to a price close to $30,000 is not some bullish news and market pumps. It is a natural movement for the price. We cannot say that the price rose unless the rise was above $38,000. All prices below that are a price move that has continued in The same movement since the moment of breaking $28,000.

I clicked on the link and found:



It is nothing but rumors and there are compromises so as of now there is no reason for fraud accusations against Binance and Binance is complying with the regulations.

Not sure what they are trying to achieve from this. But these negative news is affecting the market like crazy these days. We see many news like this before every halving. Is it a part of that? But as the market works, one's loss is another one's profit. Is it fabricated or the truth? Maybe we will know it soon enough. But if you are emotionally stable and know how to hodl, you are all good. Things like this will happen again and again, but that doesn't change the fate of Bitcoin. It will continue to grow. Slowly but surely. So those of us who are hodling, we have nothing to worry. Take a nap till the bulls are back.

I know I sound selfish. But those who are getting panicked, they don't belong in here. Try to learn emotion control first and see the history. If that doesn't make you hodl, then you are good with sell. Just leave the market. You are weak.

Why is there much concentration on Binance when bitcoin is not dependent on exchanges to hold their coins, everyone can have his personally customized bitcoin wallet and have full control over it, no amount of incident or decision made against exchanges that will shift the market because there are many exchanges that will remain unaffected when one is, moreso, most of the bitcoiners that are whales can't make use of exchanges for holding their assets, most users of these exchanges are traders, if bitcoin is down today, only it's user will be affected and nothing more.

Bitcoin is obviously not dependent on Binance, but CEX users need Binance to trade on their investments.
Binance is the current CEX Tier 1 and will greatly affect the crypto market when there is FUD aimed at Binance.

See how the impact of Binance.US's feud with the SEC, caused a lot of polemics that made the crypto market decline.

Everyone can have their own personal wallet, but for trading, they generally use Binance and some other CEXs.
Using DEX is also possible, but it is also vulnerable and you have to be careful of fake DEX managed by scammers.

FUD will create panic in crypto users, and this will affect the crypto market so avoiding FUD would be better, and do not participate to spread if the news is not valid.

Binance is facing successive attacks from the US, but instead of resorting to drama, the US should take concrete steps if they want to ban it. Dramatic actions and attacks are detrimental to the entire crypto market. A more reasonable approach would be for the US to suspend Binance operations solely for US citizens, as attempting to destroy the entire crypto market or globally ban Binance may not be feasible. Moreover, some countries like the UAE and Japan are welcoming Binance, so there's no need to panic over such news.

We can't really say that the news whether be it legit or fake/unconfirmed have any significant impact on the price of Bitcoin at the moment since Bitcoin has always exhibited this tendency of dropping in price and that is something that we shouldn't hastily ascribe to a single event to an exchange.

Binance vs US Sec fuds have been around for a while now and to a significant level it impact have already been felt long ago and Bitcoin have recovered from that just like the china ban all all the other fuds and attacks that have graced Bitcoin and its services for such a while now.

There are too many people that trade and hold BTC on Binance, so if there is a bad news about Binance you will expect many people to sell their BTC's fast because they are uncertain of what is going to happen, and let's say Binance collapses, many people are going to lose their BTC's because they hold BTC on Binance, events like this must affect the price of BTC, even if you have your coins in your self custody wallet, they will be worth less if something like this happens, though you won't lose it because you control the keys.

The sec and the U.S government have been targeting Binance.u.s for sometime now, i don't know for how long Binance may be able to continue to operate in the U.S, it may not be for so long from now.

There must be news for the price of bitcoin to pump or dump. US shouldn't take things easy and stop fronting as if they can pull the crypto market down with the issues that they are having with Binance and settle it maturely,instead of coming up with allegations on Binance.

Just like what @Cryptovator said,if they don't want their citizens to use crypto then let the come out plain and ban Binance US,i instead of trying to draw Binance to the ground. Anyway the price of bitcoin won't be affect that much, it will only be for a short time and I am not bothered about bitcoin price presently since am looking forward to 2025.

FUD or not.

It's always been like this that Binance has been hot in the eyes of the US government. So any branch of the US government that tackles with them, expect that it's gonna make the market move again.

I'm not sure if these are intentionals or they've got some proof with these actions and CZ is actually nasty things in the market. I'm wondering and waiting to see if there will be another batch of proofs.

i don't think CZ and the team are just sitting on this potential problem. for sure, they already know how to tackle such issues. they know, they have been a subject of scrutiny for so long already. so high likely that his legal team already did what should be done to face possible legal actions.
they have their own resources, so for me, there should be no problem addressing their potential issues with the authorities. but i don't think CZ will just let the government shutdown his business without a battle.

Haha, Fud or what I don't know but the point is currently Black Rock and SEC may collab with each other haha it's my view and a fan theory in that the SEC is going to approve the BTC ETF, and in the combined power they are going to take over the huge capital of market in this way they can directly hit Binance.

Why Binance because Binance is the Altcoin king so the SEC and Blackrock are going to push Bitcoin and more possibly ETH to directly hit the Altcoins market and trap Binance into a Hard time where their actual motive is to have greater control over the market

Isn't Binance on the hot seat for some time now?  Ever since the collapse of FTX, Binance had been the focus of the US SEC filing different lawsuits against them.  I do not think that this dump is caused by the news since the issue had been going on for months.  It is possible that someone short their trade the moment they see a little profit from the rebound.

I also agree that we should stay vigilant and don't just lose hope like those weak hands and sell our holdings.  We all know that halving is just around the corner and sooner or later the market may possibly transition to bull market and selling our Bitcoin today will only make us miss out on the possible bigger profit.

Nothing new, just the way this works. Bitcoin is highly illiquid with just a fraction of the supply being traded and deciding the price for all the rest. We've seen a huge outflow from exchanges as people are holding and everybody is waiting for the halving and ETF rulings, so there's not much buying going on. Those who wanted to buy already did that sub 20k and those who are lagging want to see signs of a bull market...

I don't get the complaining about the volatility. If you're a trader you should love it and holders don't care about that as they don't react to 5% ups and downs that happen every month. What we holders care about is 100% up. That's where we wake up and start thinking what we're going to do in this coming bull market.

He's been found doing shady stuff in the past at least with Binance USA. Not shady as in FTX bullshit type but he's been made aware of the fact that he's allowing altcoins that are not accepted by the SEC to operate and be traded within his platform. That's about it I guess. I don't think this counts as a fraud charge especially since there's no actually fraudulent activity going on, and I can't be bothered reading the article cause as you said it's just them reheating the same shit that China said so they can put fuel to the fire. If push comes to shove and cryptocurrencies pull out from the US I don't think it's going to cause massive long-lasting effects to the state of the market, it's not like they're the biggest adopters of cryptocurrency anyway. 

FUDS and negative news arent something that new in this market neither on crypto or into those traditional markets on which these kind of fundamentals could neither give out effect or not but since we
are speaking about Binance which turns out to be the most known and commonly used or popular exchange platform that we do have on crypto space then on every thing that it would really be getting involved would definitely making out some effect and now that charges that been announced then what would you expect? Community or investors would really be having that sell off and we did really
able to see since the price hits up again on 29k but didnt really go that below which does mean that there's a strong support that who would really be that willing on buying with those low levels on which
it would really be just that normal because they do believe that the market wont really be going that low because of these news. Also, its not something new about these kind of sudden negative  news
where government do really loves on stirring things up and trying out to make some shake off on this market but eventually ending up on getting ignored.

OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k

this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump

I don't really understand how this new fraud charges differs from the current lawsuit filings the SEC has against Binance? It doesn't make much sense to me and it's just one of the many Binance FUDs that has happened in recent times. It's funny how hard the government is trying to bring down Binance since they know that an attack on a CEX like binance that controls majority of the volume could hurt the Bitcoin market.

This new fud is either repercussions from FTX fallout or just another Baseless binance fud. So far, CZ hasn't said anything so I reckon it's not serious at this point.

This always happens, every time there is good news, there will be following bad news and other FUDs ;D
No need to worry, mate. let them fix their work and problems. What we need to do is to stay calm and patient. this will end and the market will go on much better again. Because Bitcoin market volatility is really always like this.

If you are worried, don't check market conditions this time, because right now the market is dropping very hard. So, if this makes you worry, then avoid looking at the market first. Be mentally strong because this is how crypto works. Or enjoy the upside by investing DCA in Bitcoin while the price is still dropping.

The US and Binance continue to engage in occasional drama. When you think the case has been resolved amicably, the US will bring it up once more to rekindle the anxieties of bitcoin investors on bitcoin price.

The US does not want to act maturely by telling Binance to leave the US, and Binance does not want to leave the US on its own to preserve its reputation. They both continue acting like cats and rats that are glued to one another, without trying to reveal their real issues to everyone which always leads to unnecessary allegations given to Binance by US

You are right; perhaps this is not a news that the exchange has crashed, so even if the market takes a little downturn, it can quickly recover again, more sharply than some people expected. I might be wrong, though, but I think the US is just trying to drag Binance into the mud, because I really don't think that with the reputation that the exchange has managed to build, CZ would just wake up any day and try to ruin everything for himself. Even with the past challenges that he has also faced with the SEC in the past month, I think he is even more careful in running his exchange. Whatever it is, I know this will all pass, and the market will not really see much downward movement.

Sometimes it would really be acting out as a shake off because not all the time these news would really be affecting out the market on which it would really be just that normal that whenever negative things happen then the
market reactions which it is typical but there are moments which it cant make out some significant impact and to those who are really that impulsive when it comes to fundamentals or news do usually make out some move.
This is why it would really be just that right that you would really be making that significant action or decisions in times like this on which you would really be going for neither waiting up for bottom or would immediately making out some buying position on the time that you would be able to have the opportunity on doing so. Fud and other hypes in the market could really be seen and if you arent that careful enough then you might really be ending up on making immediate action which it would turn out to be a bad decision since the market didnt really make out such movement on what you had anticipated. This is case to case basis and just like on what others been saying that not all the times on which prices would move out according into those news whether it would be positive or negative. It would be still vary on some certain conditions or situations though.

Maybe the OP using only lower time frames that make him thinks that it dumps that much or maybe just antcipating that it will sweep the swing low to get the price higher. In my opinion, whatever the news we heard against Binance this days is not new to us. We all know that Binance is the most known and top 1 exchange. If there's a news where Binance is involved, it will gives negative or positive effects to their users and also to all crypto users. So since manipulators don't have other ways to manipulate the market, they're using Binance as alternative. We should be aware of this.

That is what I was thinking as well, this does not seem to change at all what is happening with Binance and the SEC, so my only guess is that they are trying to exploit the lawsuit currently in place as much as they can in order to generate FUD and try to destabilize the market, however all of this is useless, even if Binance was brought down and the market crashed as a result of its disappearance, at the point a new CEX or even DEXs could emerge and the market will simply return back to its current levels, so at most the best the SEC can hope to win with all of this is a little bit of time and nothing more.

Or He do not really understand what FUD means in the market and how this means to affect the volatility because like you mentioned , bitcoin is still holding at 29k and only drops to 28k few days ago but in short period only again recovered to 29 back.
though Fud will keeps banging the market but this is not how the effect means.

now investors are smarter at understanding the market, which doesn't really matter if FUD is spread, we can see the difference between FUD in 2018 and now, where at that time many people panicked after the anti-climax of the market reached its highest point, it was different with at this time, where even though there was a bearish trend, it was not as extreme as that time. therefore, because we are bitcoiners, we must be good at filtering news so that we don't lose ourselves

Its surely should just pass as said because the last thing anybody wants now is a downturn in one of biggest exchange if not the biggest itself in the crypto world because that will really cause a lot of fuzz of the whole arrangement of things prior to the much expected bull run. I mean we all saw what happened to the market value of bitcoin when the sec actually sued binance, it affected bitcoin and everyother crypto in the market but just as CZ has proven to be reliable, he certainly claimed all the accusations to be false and am pretty sure nothing the sec is trying to set up will actually work against CZ and binance.

Yes, bitcoin is not dependent on binance or any other centralized institution, but what is happening is that binance is making a huge impact on the market including bitcoin. So we can't help but care and we care about bitcoin price not bitcoin usage, so people will pay more attention to these news.

Whales or any wise investor will not hold their bitcoins on exchanges, but when they want to sell them, they will use centralized exchanges as they are highly liquid. Like it or not, Binance or centralized exchanges are an integral part of the market.

never let past mistake repeat, we always hear bad news that make us afraid to hold bitcoin and bitcoin price always rise when the time is come. I see many people regret about their decision to sell bitcoin at wrong time or procrastinating to buy bitcoin. I think those people who easily afraid of bad news about bitcoin should do DCA only. as far as I know, DCA is always become good method to gain profit in bitcoin investment

What? Again!, just kidding. I mean, the last time they accused Binance with something they can drop charges off, bitcoin price have reacted pulled back a little bit, enough for some people to make good buying position.
Now they find another reason they can charge against Binance. Well, this is not something Binance can worry about, but for some investors who got easily carried away who sold their bag right after they heard the news. I'm not really sure if the US authority are serious about taking down Binance, they could've closed this case if they really are. Accusing someone over and over again without any solid evidence to close it, I don't know what else is happening here, except they are trying to pull down the price.

It is a bold move to mainly tied the recent price action solely to Binance. And it is an unfortunate condition that you perceive Binance's CEO can affect the market.

The market prices generally just going sideways, there is no sudden pump or dump, and lastly, it is far from volatile. Neither there isn't any significantly widespread bullish news or bearish news. Many people obsess over what the regulator does to the centralized exchanges, but personally, any such move will prove and affect the longer terms that Bitcoin will stand still and strong without much effect.

I didn't expect CZ to answer that news. Everything depends on the market. And after Bitcoin's temporary rise yesterday and now the price is dropping again, I guess that is a frequent fluctuation in the Bitcoin market. And even if there is positive or negative news circulating, it also depends on the reaction of traders.

If they don't care about the news, the market will go on as it is. But if not, the market will change direction as we are today. And it looks like Bitcoin price could drop to the $28k level again by the end of this week, so we have to be careful and prepare more money to buy Bitcoin at low prices.

It's better not to worry too much about the state of the Bitcoin market now because the price will increase at the right time. We just need to be patient and keep accumulating Bitcoin to have lots. And it looks like this weekend, the market remains on the decline.

Binance and CZ not only have an influence on the market, but also have a significant impact on the crypto market. The market price is moving sideways because this is just unofficial news, I mean nothing serious has happened yet. So the market doesn't react strongly, but if the government really accuses Binance of forcing them to shut down then you'll see what the consequences are.

Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.

Which is truly a good thing. I would favour Bitcoin to thrive without excessive centralized exchange leading and controlling as a "gateway" of people entering Bitcoin. Whether it will be replaced with another one, a more diverse centralized exchange competition, or the user would favour decentralized exchange. Those are a few possible options. Also, I did not mean to discredit or question CZ influences but rather omit them. Bitcoin is big enough not to be significantly affected by a single person.

Absolutely, this is quite a clever and whimsical analogy. If we were to liken the cryptocurrency market to a bustling NASCAR race track, BTC, ETH, XRP, and the rest could be thought of as the racing cars, while Binance, the exchange platform, merely serves as the racetrack itself.

In a more rational scenario, when the Binance exchange encounters issues, the impact should be spread more evenly across all coins, not solely affecting BTC. Binance doesn't have a direct control over BTC, but its influence on the sustainability of the BTC ecosystem is undeniably significant.

This looks like a mere speculation to me, and pressing the charges vs considering the charges are also too very different things. Binance is a pretty strong company, I hope they'll prevail over the US institutions or part on good terms. For now, the FUD doesn't mean there's any practical reason to panic, but I somewhat disagree with the op that it's strange how the news influences the market. In fact, it seems to me that the news is a primary factor, simply because people read about stuff, it provokes certain emotions, and those emotions motivate people to take action, both in case of FUD and FOMO.

I totally agree with you. This year literally every couple of weeks there is some bad "news" about Binance and/or CZ, and usually all these "news" are just rumors coming from unidentified sources, full of mistakes and reporting wrong info. It's clear that they try to destabilize the market, maybe some big fund wants to fill their bags at a better price before the ETFs get approved?

Well this is why I do steer clear of some news articles sometimes whenever I heard some bad attempt to spread FUDs around the internet. The word "considering" is just like to bait the reaction of many people. If I was like a nervous investor, I would be shaken to just the headlines itself, but nah I ain't like that.

This FUDs will continue to just shake people up unless they're really into their hodlings.... just like me and other people that don't care about these attempts.

This makes me remember the past bear markets where bad news are released every months, like I am getting tired of all this already, are the government doing all this intentionally to keep crypto price down? Because all this nonsense is looking like manipulation to me, it seems to be intentional, it seems the media is doing all these to cause panic and put fear in the mind of investors, do not be deceived, it's all a big plan.

I won't be surprised if US start supporting crypto in 2024, I've come to think that this country can't be that stupid and watch other countries rushing web3 and stuff and they decide to do nothing but hate crypto? This is real life drama  ;D ;D ;D.

He's got a lot of plan for sure and he's scattering his money on almost every business that he can invest with and not just on Binance.

Many do admire him and many don't and just don't like him being someone influential on this sphere. But we're also seeing two sides on this one, the government and also a known and rich person that runs a billion dollar business.

There's always a fine line about the difference into those people who are running a business which doesnt involved crypto or simply they are really that under government rules and conditions on extreme manner and not

something that we could be able to see on exchange platforms knowing that funds or transactions could really be able to hidden out knowing the true nature of crypto on which anything couldn't really be able to monitored out and this is why its not really that shocking that government would really be liking to get engage on throwing up issues and other possible things that they could possibly be able to throw off as long it would be raising up these things and could stir up things around then they wont really be having doubts on doing so. Its true  that Binance wont really be just simply standing there and would really be just letting things to happen
or what government does really want to happen. When it comes to sentiments and news then these types arent shocking anymore, as been said that government does really like on trying out to touch on everything
and be making issues as they like. If you dont make out some countermeasures then it would really be a total mess up with your business and you would really be facing up a lot of trouble.
CZ wont really be that so dumb on not to do something in this regard.

FUD is a part of the crypto ecosystem and you can't do anything about it, just learn to filter information and not react to it.
Think of yourself as blessed with being aware, being a member of bitcointalk. Imagine that those who sell during a FUD event lose money, but you don't, you ignore this. When Bitcoin fell to 28k, some people had to liquidate their longs, some sold in fear of a real crash, but a day later bitcoin was back to 30k. This is simple market manipulation made to play on your emotions.

I agree in all that you've said. He's come into this before and this is not something new that him and his company have to tackle with.

At least for his own sake and interest, he'd protect and will do anything just to keep doing even if it means for the government to keep on doing such news of trying to intervene with his operations.

They do get that a lot and have already came into those situations and manage to at least stay on where they are now.

Binance being accused of anything will be huge for crypto market to be honest. If it were anywhere true, this type of a thing will not just dip the market a bit but will crash it miserably, also I think just pushing charges and proving the charges are two different things and we recently saw that how Ripple came out very clean. So I am don't expect that SEC would be able to find anything big.

I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection. This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.

Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.

Honestly I don't know why this is happening but I think the government has something they are hiding from us which we deserve to know. It does not make sense for the government to be sanctioning an innocent exchange like Binance that had been the number exchange in the Crypto market and the Binance fud had made some curious scared investors to lose there coins because they mistakenly sent there BNB assets to the wrong wallet because of the news they had been hearing.
 Even though Binance is going to be penalized for any misconduct, this should not be huge and not to be accompanied by fud that could affect the whole market.

Yes  I myself am truly blessed to be here because the forum today is just like a library house where there are lots books and librarian to guide you of course to your prefer destination. Many people actually sell off their Bitcoin due to the market volatility and sudden dip of price but the few intelligent ones that are aware of the wonderful works that  comes with the dip because thats when you get to opportunity to actually buy some reasonable amount of BTC to your portfolio and it won't can you less.

FUD I think is not part of the crypto ecosystem, it is artificially made in order to make the market goes down, it is an attack to the cryptocurrency market.  Any FUD-related actions always die down and never stay.  This is proof that it is not part of the market ecosystem.

Anyway, I believe some organization often creates FUD if they wanted to bring down the price of Bitcoin so that they can accumulate at a lower price.  If someone had noticed, after a massive dump, the Bitcoin market always transitions and gets hyped just to be dumped again by these manipulators.  So I am with you when you say that we should ignore this FUD and have some faith in BTC.

I don't think that's going to happen, the growth of bitcoin and the crypto industry wouldn't be as great as it is today without centralized exchanges, although this would make many bitcoiners unhappy but it is true. Centralized exchanges play an important role in the market whether we like it or not. Decentralized exchanges still have a lot of limitations, aside from providing privacy for users, they are nothing better than centralized exchanges. Honestly, if DEXs still can't improve, they will never be able to compete with CEX.

But the thing is that the government can't do anything about it, they can't really stop crypto or bitcoin. They can continue with their witch hunt, but they can't chase everything as the market is too big.

Unless events like FTX collapsing or something similar will put a dent on the market as what we have seen last year. But in this case, SEC vs Binance, it can't also as much but I doubt that that the market will react negatively and putting sell pressures from us.

Obviously, the conveniences that centralized exchange gives couldn't beat decentralized exchange, currently. Liquidity issues are also a concern. The main point I try to raise is that, ideally, it will be good if cryptocurrency exchange is more diverse in terms of competition. Although, in a certain manner, say the Pareto distribution, will lead only a few and a handful cexs leading the markets. That is why I hope decentralized exchange could thrive and be able to offer solutions. A more direct and P2P approach of people transacting FIAT with crypto, especially bitcoin.

This is what we should be caring about. Bitcoin has been stable and just because it was once over 31k, doesn't mean that it keeps dropping even today, a lot of people think that way but that's not the reality and we should not really be worried about it at all. I feel like this should be as common as it gets and I do not think that it would be that easy or difficult at all.

I hope that people could make some changes one way or another, and I hope that it gets to a point where we can say it is a lot easier, but that's just not the case for most situations. I know that it will take a bit of a while, but if we can keep it going for as long as possible then we are going to be fine about it and not going to worry about it at all.

If you are talking about diversity to create competition for the benefit of users, I support that idea. But I wonder, I'm not a techie and programmer, but why is it so hard to build a decentralized platform that offers CEX-like features and services? The DEX exchange is not new in the market, it has been around and developed for a while but so far, it has not had too many significant improvements to be able to compete fairly with the CEXs. There are too many limitations and that is the reason why many people look to CEX for its convenience and convenience.

Maybe temporarily it can create sell pressure knowing that people always react on the fud they read since when they see that there big negative news occur it means a dumping situation will happen. This became a normal thing but as always it became silent when many days pass and that one is good to wait since for sure accumulation stage will happen since mostly we can see a recovery after that. Maybe the same with that case its better for people to relax since we all know how fud end up and the only loser with this scenarios are those people who easily get panic on certain situation.

It was not new to us, indeed, it helps to keep the market so volatile. As we more talking about FUDs, panic, and accumulation will there to follow. Honestly, in every FUDs that happened, whales had benefiting a lot while these newbies become a loser of their doings and sell pressure. It was about the time to force ourselves to become strong and ignore the things that happen around because that was not healthy anymore. The more we interact with the news whether it was bad or good, the more it affects our decision-making and emotions.

The problem is that many people are nervous investors because they don't fully understand bitcoin, so the funds/whales will always take advantage of these people who are willing to sell at loss just because they read some unconfirmed news somewhere on the internet. I find it interesting how people choose to take a loss when we know that sooner or later bitcoin will go up again. But hey, it's their money...

the fact that people worry and stress in their mind whenever there is negative news and a sharp drop in the value of Bitcoin. But why not use this chaotic scene to make a profit? In every market one person's gain is another's loss and vice versa. Therefore, this is the time when we should look for buying opportunities at cheaper prices.

Maintaining a long-term vision and controlling emotions is a must in this market. Of course this takes confidence and patience to be happy with your investment decisions and not let these short-term fluctuations take away your long-term gains.

More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.

Yes one cannot say that market is in Bull run after one percent increase in price as it is usual ups and downs. If the price increases and touch 40k$ value then we can say that yes now Bull run initiate so always try to understand the market as single value alteration does not decide the reality of market.

If the price moves back from 30k$ to 28k$ then everyone thinks that price goes down and now they will loss all their money but they don't remember that this alteration is feature of bitcoin which does not justify the bear and bull Initiation.

Well yeah I guess especially for newbies. Gotta admit that when I dip my toe for the first time in crypto, I was kinda expecting an instant $100 from my $50 investment due to volatile nature. The instant drop in price kinda made me want to quit, but then I refused to do so and tried to day trade since that might be working for me. I just thought that I should know about the technicalities of Bitcoin or any crypto coins to be able to learn if it is worth investing at.

While there are some part of it that I should learn, it isn't really like "mandatory stuff" to learn. Just like how you're not required to learn the whole technical parts of your computer if you're just going to use it as a casual user.

Not only CZ but people who are trading in their platform.  If ever CZ is found guilty and the SEC release a ceased and deceased order for Binance to shutdown, I believe the users will be given enough time to withdraw their funds from the platform.  Besides Binance is not the only exchange where people can trade, there are lots actually.

Another thing is that people who are into cryptocurrency are also used to this kind of FUD tactics of SEC and other government.  The China's hot and cold treatment of Bitcoin really makes a good practice to people on how to react on the news like the @OP's stated.

Very true, when others are afraid, we should be greedy, and wealth can only be found in risk, it is not born and given to the masses. Bitcoin investment is like a financial game, money from the weak hand will go to the diamond hand and that's how the market works. If we understand the laws of financial markets, we will see that every time Fuds hit the market, we should take advantage of it because it's our chance. This is not the time to be afraid and run away.

as they know about such scenario will happen, i strongly believe that CZ and his team is already prepared for this battle. they have all the resources to make things right, so i don't think their case will push thru to a very damaging one.
and besides, if in case worst comes to binance, we really have other trading platforms to go to. it is by no means, end of crypto trading.

No matter how strong the CZ and Binance is at the moment, there is always a possibility of a bad sworn event and therefore we should be cautious about it.

We have seen FTX collapsing despite the fact that they were considered one of the emerging and 2nd best exchanges after Binance. SAM was considered to be a strong trusted person and FTX was considered to be an exchange with enough resources to backup but everything failed.

So anything can happen with Binance too especially when SEC is after them with full force. What is required from us is to keep our funds out of binance so that if any mishap happens, our funds are not frozen or lost in the exchange.

Don't listen to this man, panic sell so you can save your money from depreciation because of the temporary price dump, bitcoin is volatile so you will never know what's going to happen to your money. When a FUD like this happens, remember that you need to save your money first before believing that bitcoin will eventually bounce back. Remember that you can always get back in when the price starts going up again. Hopefully, newbies will take this advice because I want to buy and accumulate bitcoin at a much lower price :P

FUD actually only matters in newbie , because these days our engagement in crypto deepen and we already knew what is the real score in the market.
not like in the past that we have limited way to learn and understand crypto, now it is all over this forum and all over the internet.

I think Fud is important for both new and old, newbies will be nervous and panicking when Fud comes and they don't like having too much Fud in the market. But for those with experience in the market, FUd will make them happier because newbies will panic sell and that's when they go shopping at a high discount to enrich their portfolio. That's also what the sharks are doing quietly, they spread Fuds to scare the newbies are panic selling so they can buy it cheaply.

Selling at the top to later buy back in at a lower price is definitely one of the great ways to accumulate and increase bitcoin holdings, i personally support this strategy, but that is only if the person or investor have some experience with trading, a newbie who has absolutely no knowledge of trading might just end up buying back at a higher price if they try such a strategy, so for such type of people, the best advice still is for them not to panic sell, but hold tight no matter what, and if the price gets too low, seize that opportunity to buy even more bitcoin so as to bring your total buying average cost lower, wit this, when the price of bitcoin increases, you will earn more profit.

I might be late to reply on this topic as that fud has already over and market returned to its original state back then. Overall, i do agree with you on the fact that such news which are directly or indirectly related to Binance has some good or bad impact on the market. Which is dangerous. But in the long run we all know BTC is the best and due to its unique characteristics it is going to increase it value.

But in the short time, we might see such slight ups and downs, which are beneficial and harmful for short term traders mostly for ones who are newbie and are into trading in short timespan candles. Because currently a lot of good news are coming but still BTC is holding its range from $28,800 to $29,800 which seems to be breakable easily but BTC is in consolidation state currently. What i think is, it's all just a correction as we all know BTC will hit $40k in this year. So, either it's short term or long term we all should not act in the play of such FUDs, by following our bad instincts. Better to remain calm.